altimeter capital returns

The Altimeter Capital management team includes Brad Gerstner (Founder & CEO), John Kiernan (Chief Financial Officer and Chief Compliance Officer), and Hab Siam (General Counsel and Chief Compliance Officer) . The third-largest holding is Meta Platforms Inc worth $396 million and the next is Confluent Inc worth $336 million, with 14,456,310 shares owned. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Brad Gerstner's Tweets. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Altimeter Capital Management LP Top Holdings 13F Filings Investor Performance. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. In this article, we reviewed Brad Gerstner's biography and investment track record. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Past performance is not an indication of future results. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Ray Dalio's: Bridgewater Associates. The companies may have limited operating histories, little available public information. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Altimeter Capital 53 Portfolio companies, 81 Investments, Team United Stockholders Altimeter Capital and PAR Capital Express It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. The author of this piece and/or members of Workweek media could be invested in companies discussed. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. [2] The firm focuses on technology investments in both public and private markets globally. It doesn't run an office outside of the United States. The bullishness on TikTok is obvious, but Meta not so much. Judging by the hedge funds portfolio, it seems to be the technology sector, with an approximately 66% investment in this sector, followed by the financial sector. Answer:Easily the origins of the fund. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The first one on this list is John Kim, hedge fund manager for Night Owl Capital Management and ranked #1 out of 198 hedge funds on TipRanks. Home : Altimeter Thanks for the read! Views here personal. Altimeter Capital's second 'blank check' IPO raises $400 million Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Trian Fund Management was founded in 2005 and is a highly engaged shareowner that combines concentrated public equity ownership with operational expertise, according to the company's website. Altimeter Capital Management Team | Org Chart You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. OriginalWhaleScore They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 2. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Suite 150 Right? Altimeter Capital. A Recession Is Already Here, Hedge Fund Manager Says Altimeter Capital is in talks with ride . To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN Want to get these in your inbox to never miss an edition? All Rights Reserved. [1]: Required fields not completed correctly. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Headquarters Location. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. . Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Warren Buffett's: Berkshire Hathaway. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Altimeter Capital - Free Partner Email & Investor Profile Altimeter Growth Corp's shares have gained 25% since listing. Steven Cohen's: Point72 Asset Management. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. 3. Suite 2310 Let me know what you thought by replying back to this email. Meta shareholder wants Facebook parent to cut jobs, spending The principal office where Altimeter Capital Management, LP performs its advisory services is located at One International Place, Boston, MA 02110, which is also the mailing address of the firm. Back in 2013, Bloomberg ran a profile of Brad Gerstners Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. . Altimeter Capital Management's Top Picks Include Online Travel and Airline Stocks, Have a Look at Two Ongoing Proxy Fights and One Freshly-Completed Activist Campaign, United Continental Holdings Inc. (UAL): Altimeter Capital Management Reaches Agreement with Company, United Continental Holdings, Inc. (UAL): PAR Capital, Altimeter Capital Express Governance Concerns, Put Forth Minority Board Slate, The Latest Activist Moves Made by Jeffrey Smith, Paul Singer, More, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. From a report: The Meta investor recommends a plan to get the company's "mojo back" including reducing headcount expenses by 20% and limiting the company's pricey investments in . Everyone thought he was crazy.. Brad is the Founder and CEO of Altimeter Capital - an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston. This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. altimeter capital returns; altimeter capital returns. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. ? About Altimeter Capital Altimeter is a global investment firm managing both public and private funds focused on the airline, travel, technology, internet, software, and consumer sectors. Shrilekha Pethe for Since January 2012, the date of their first 13F filing, the fund has earned its investors a massive 305% return on the long side through October month-end. Get Contact Info for All Departments. Tweets. The fund was located in North America if to be more exact in United States. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. "On . While the firms mostly won't be able to sell their shares until lockup periods expire . ISRO (Indian Space Research Organisation) has provided the small satellite bus platform to which French national space agency CNES payload composed of ARGOS-3 and Altika instruments (altimeter, radiometer, DORIS, LRA) are integrated. These positions were updated on August 15th based on the funds latest 13F filing. Stocks with a size of more than $10 billion in market cap make up Care to explain? There are currently 14 companies in Mrs. Daviss portfolio. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. 91. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Menlo Park, CA 94025 Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs For media inquiries, please contact press@altimeter.com. According to the last 13-F report filed with the SEC, Mara Davis serves as the Chief Compliance Officer at Altimeter Capital Management, L.P.. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the services sector. Altimeter Capital Management, LLC - Brad Gerstner - TipRanks Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Investment Advisor Alt Turnover is calculated by taking either the total MV of new purchases or Altimeter Capital - Wikipedia It sold the previously owned 1,155,613 shares for $138 million. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities and a top 10 holdings concentration of 99.95%. Altimeter.com is Altimeters only website. See you in your inbox every Monday and Thursday. All rights reserved. Altimeter.com is . As of 8th August 2022, Altimeter Capital Management, L.P.s top holding is 17,001,796 shares of Snowflake currently worth over $2.36 billion and making up 54.7% of the portfolio value. A Look at the Best Performing Hedge Fund Managers In 2021 Question:Okay then. Data is a real-time snapshot *Data is delayed at least 15 minutes. Likes. The total portfolio value may be much higher due to cash [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. returns for each quarter. Media. Later in 2013, Brad looked to continue to capitalize off his success and launched . The portfolio managed by Akre has gained 451.5% since June 2013, beating the S&P 500 index returns of 290.9% over the same period. are based in the United States. Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S . And annual 13F returns of 30% since 2011", "Investors push for board shake-up at United Continental Holdings", "United was 'clumsy' at first in scandal, but eventually 'got it right,' investor says", "Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse', "Meta Needs to Slash Metaverse Spending to 'Get Mojo Back,' Shareholder Says", "Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts", "FTX Fiasco Hits Investors From Tiger Global to Tom Brady", "Pine Labs: Actis, Altimeter put $82 million in Pine Labs to grow roots", Taxation of private equity and hedge funds, Alternative investment management companies, History of private equity and venture capital, Private investment in public equity (PIPE), Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Altimeter_Capital&oldid=1133952390, Financial services companies established in 2008, Financial services companies based in Massachusetts, Companies based in Menlo Park, California, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 January 2023, at 07:44. Altimeter Capital has made 91 investments. The portfolio has a majority of its holdings, that is, 58.6%, in the Consumer Goods sector, with 24.7% of the portfolio invested in Procter & Gamble (PG) and 18.2% invested in Phillip Morris (PM). Altimeter SPAC goes public. To screen for upcoming or past SPAC . Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. Catherine Woods fund seeks out Disruptive Innovation.. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. At Altimer Capital, we support businesses that leverage the power of data to drive growth.. Digital technologies continue to redefine industries and transform business models.Data-enabled companies have historically grown 75% faster on average than their peers and have been twice as likely to achieve their customer-experience goals. Investors believe they can predict the future. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. SEC form, multiple filers or classes of filers, and much more.***. Login : Altimeter To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. The music was electric and fans were dancing on the big screen. Altimeter Capital: From $3M to $1B in 5 years - Workweek Win whats next. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. At 09/30/2022: $4,676,285. About Altimeter Capital Altimeter is a global investment firm managing both public and private funds focused on the airline, travel, technology, internet, software, and consumer sectors. That would make it the largest SPAC merger ever, more than [] Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. News of the merger has not been met with much enthusiasm in the public markets, as Eutelsat stock has actually gone down 18% since announcing deal talks. You are limited to the prior 8 quarters of 13F filings. 2023 PitchBook. Altimeter manages a variety of venture and Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Fast forward seven years, and Gerstner has pretty much achieved his goal.

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